Summary of Statement No. 14

Financial Reporting for Segments of a Business Enterprise (Issued 12/76)

Summary

This Statement requires a publicly held business company to present, for each segment of its operations qualifying as a reportable segment, information on revenues, profitability, identifiable assets, and other related disclosures (such as the aggregate amount of a segment's depreciation, depletion, and amortization expense). Similar information is required to be reported on a geographic basis for those companies having foreign operations and export sales. If 10 percent or more of the revenue of a company is derived from sales to any single customer, that fact and the amount of revenue from each customer must also be disclosed. Finally, this Statement requires that a company operating predominately or exclusively in a single industry identify that industry.